Price for Copper; Refined, Unwrought, Wire-Bars in the Philippines - 2023
Contents:
- Price for Copper; Refined, Unwrought, Wire-Bars in the Philippines (CIF) - 2022
- Imports of Copper; Refined, Unwrought, Wire-Bars in the Philippines
Price for Copper; Refined, Unwrought, Wire-Bars in the Philippines (CIF) - 2022
In 2022, the average copper; refined, unwrought, wire-bars import price amounted to $9,371 per ton, shrinking by -10% against the previous year. In general, the import price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 315% against the previous year. The import price peaked at $24,572 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($15,000 per ton), while the price for the United States ($3,100 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+44.3%), while the prices for the other major suppliers experienced a decline.
Imports of Copper; Refined, Unwrought, Wire-Bars in the Philippines
In 2022, purchases abroad of copper; refined, unwrought, wire-barses increased by 4.3% to 170 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a dramatic contraction.
In value terms, copper; refined, unwrought, wire-bars imports fell to $1.6K in 2022. Over the period under review, imports, however, continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 14%.
Import of Copper; Refined, Unwrought, Wire-Bars in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 721 | 1.5 | 1.6 | 1.5 | -87.2% |
United States | 3.4 | N/A | 0.1 | 0.1 | -69.1% |
Others | 9.2 | N/A | N/A | N/A | 0% |
Total | 734 | 1.5 | 1.7 | 1.6 | -87.0% |
Top Suppliers of Copper; Refined, Unwrought, Wire-Bars to the Philippines in 2022:
- Japan (147.0 kg)
- United States (20.0 kg)
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Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>
Explore the top import markets for copper, including China, the United States, Germany, Italy, and more. Learn about their import values and the role of copper in various industries.
Global refined copper imports amounted to X tons in 2016, declining by -X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to X>